Featured - Virginia Home Equity Line Of Credit Rates 2019

Our APRs start at 4.99% for the most qualified applicants and are higher for other applicants. For example, for a borrower with a CLTV of 45% and a credit score of 800, a five-year Figure Home Equity Line with an initial draw amount of $50,000 would have a fixed annual percentage rate (APR) of 4.99% and a 3.00% origination fee. Your total loan amount would be $51,500. Origination fees range from 0-4.99% of your initial draw depending on your credit score and the state in which your property is located. The advertised rate is available only to borrowers using primary residences as collateral. Your actual rate will depend on many factors such as your credit, combined loan to value ratio, loan term and occupancy status.

Low fixed loan rate. Borrow $15,000-$150,000.

Approvals in 5 minutes, funding in as few as 5 days

No appraisal fee. No maintenance fee. No pre-payment fee. No late fee.

Note to First Colony Bank of Florida
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Branches

First Colony Bank of Florida branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia

First Colony Bank of Florida Locations

Financial Details

First Colony Bank of Florida Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Colony Bank of Florida.
The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio

First Colony Bank of Florida

U.S. Bank Average

8.58%

6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned)
with its the bank’s tangible common equity and its loan loss reserves.
A lower Texas ratio indicates better coverage of problem loans.
The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank
has to absorb its loan losses.

As of March 31, 2019,
First Colony Bank of Florida had $2,065,000 in non-current loans and $0 in owned real estate.
To cover these potential losses it had $21,759,000 in equity and $2,319,000 in loans loss reserves.
That gives it a Texas Ratio of 8.58%.

Return on Equity

First Colony Bank of Florida

U.S. Bank Average

20.13%

9.47%

First Colony Bank of Florida has a Return on Equity of 20.13% versus the BestCashCow average of 9.47%.
Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run.
A bank with a consistently low ROE can be considered poorly run.

Capitalization

First Colony Bank of Florida

U.S. Bank Average

9.87%

12.49%

First Colony Bank of Florida has a Capitalization of 9.87% versus the BestCashCow average of 12.49.
Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet.
The higher the capitalization number the more secure a bank is considered.

First Colony Bank of Florida Balance Sheet Analysis

As of March 31, 2019,
First Colony Bank of Florida had assets of $220,453,000, loans of $169,308,000, and deposits of $197,926,000.
Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets.
Loan and asset growth may rise or fall depending on a bank's strategy for growth.
Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending.
A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2019

ASSETS

Cash & Balances due from depository institutions

$0.02 billion

Interest-bearing balances

$0.02 billion

Total securities

$0.03 billion

Federal funds sold and reverse repurchase

$0.00 billion

Net loans and leases

$0.17 billion

Loan loss allowance

$0.00 billion

Trading account assets

$0.00 billion

Bank premises and fixed assets

$0.00 billion

Other real estate owned

$0.00 billion

Goodwill and other intangibles

$0.00 billion

All other assets

$0.00 billion

Total Assets

$0.20 billion

LIABILITIES

Total deposits

$0.20 billion

Interest-bearing deposits

$0.13 billion

Deposits held in domestic offices

$0.20 billion

% insured (estimated)

52.66%

Federal funds purchased and repurchase agreements

$0.00 billion

Trading liabilities

$0.00 billion

Other borrowed funds

$0.00 billion

Subordinated debt

$0.00 billion

All other liabilities

$0.00 billion

Total Liabilities

$0.20 billion

Shareholders’ Equity

$0.02 billion

Summary Income Statement

March 31, 2019

INCOME AND EXPENSES

Total Interest Income

$0.00 billion

Total Interest Expense

$0.00 billion

Net interest income

$0.00 billion

Provision for loan and lease losses

$0.00 billion

Total non interest income

$0.00 billion

Total non interest expense

$0.00 billion

Pre-tax Net Operating Income

$0.00 billion

Bank Loan Profile?

The top three loan types in First Colony Bank of Florida’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Construction and Development Loans.

Compared to other banks in Florida, First Colony Bank of Florida has a significantly higher percent of Construction and Development Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.